Peter Bain's ForexMentor Home Study Course

Overview: Peter Bains Forexmentor is a comprehensive forex training course and includes a trading system based on the widely used concept of support & resistance . In addition to pivot points you would also learn  to look for a 'confluence' of events occurring including chart patterns, candlestick patterns, trendlines, and MACD divergence. Forexmentor is a very popular course and has consistently received positive reviews from the trading community.

Review

If you are looking for a course which has maintained a good solid reputation over the years, Peter Bain is the man to go to.Peter's course is based on pivot point system. Everyday roughly $1.5-$2 Trillion are traded on the FX market.An estimated  50% of that money, is directly controlled by the large global trading banks such as Citibank, Deutsche, UBS, JPMORGAN Chase. A point to note is that the traders at these banks, the 'Big Dogs' trading 1000+ lots per trade, do use pivot points.

Other than pivot points Peter talks about looking for  "confluence" of events before "pulling the trigger".
Example: Is the trend up or down  ? Is there divergence to price on MACD? Is there a valid trendline break? Is there an outside bar or other reversal candle patternThe key to trading is to have a proven system (which works for you) and keep it simple. You will find Peter Bain reiterating the fact by saying " Pick up a currency pair and love it to death."

The price of $395 might seem heavy for some traders but given the 6 month mentoring  which comes with it , it's a great value. Another good feature of the course is the daily video   review (about 1 hr per day) of price action for the EUR/USD .

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Features:

• How to Trade Currencies Like the Big Dogs course instruction manual
• 10 computer CD's explaining the forex market and Peter's forex trading system.
• 3 hours of Live Instruction
• Forex Supplementary Guide
• 6 months unlimited access to Peter Bain's Mentorship Website.

Rating : Forexmentor is certainly not the holy grail of forex trading but it's a grail which you surely don't want to miss. An Excellent investment in any Traders Library.

Accolades: "Peter Bain's course is nothing short of awesome. The pivot point trading method is analogous to precision guidance system. It amazes me time and time again, the way prices adhere to these pivot numbers. Just wait for the signals in and around the pivot points, pull the trigger and let it rip! This is by far, one of the best reading investments I have ever made." Mark Johnson From Atlanta, Georgia

Bonus :

• 6 Month Access to Am Review Video Mentoring.
• 500+ hours of Trading examples since 2003.
• 2 CDs with Commitment of Traders (COT) Modules.
• What To Do Before You Press Enter quickstart guide.
• Private Phone consultation with Peter Bain ( Offer Not available everytime)

Money Back Gaurantee : 30 Days

Price :

• $349 for Online Version
• $495 For HomeStudy Hard Cover Version